CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thousand Dollars ($15,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 4 contracts
Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Twenty Thousand Dollars (US $15,000.0020,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties Parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, settling or otherwise discharging such claim or suit shall be at the joint expense of the parties Parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other partiesParties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 3 contracts
Samples: Operating Agreement (Saba Petroleum Co), Operating Agreement (Saba Petroleum Co), Operating Agreement (Saba Petroleum Co)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen xxxx Twenty Five Thousand Dollars ($15,000.0025,000.00) and if the payment is in complete settlement of such claim claims or suit. If the amount required for settlement exceeds the above amountamounts, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 2 contracts
Samples: Prospect Participation Agreement (American Petro-Hunter Inc), Participation Agreement (American Petro-Hunter Inc)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party Party damage claim or suit arising from operations hereunder under this agreement if the expenditure does not exceed Fifteen Two Hundred Fifty Thousand Dollars ($15,000.00250,000) and if the payment is in complete settlement of such the claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such that authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such a claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party Party or if any party Party is used sued on account of any matter arising from operations hereunder under this agreement over which such the individual has no control because of the rights given Operator by this Agreementagreement, such party the Party shall immediately notify all other parties, and the claim or suit suite shall be treated as any other claim or suit involving operations hereunderunder this agreement.
Appears in 2 contracts
Samples: Joint Operating Agreement, Operating Agreement (New Source Energy Corp)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder under this Agreement if the expenditure does not exceed Fifteen Ten Thousand Dollars ($15,000.0010,000.00) and if the payment is in complete settlement of such the claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto Parties shall assume and take over the further handling of the claim or suit, unless such that authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such a claim or suit shall be at the joint expense of the parties Parties participating in the operation from which the claim or suit arises. If a claim is made against any party Party or if any party Party is used sued on account of any matter arising from operations hereunder under this Agreement over which such the individual has no control because of the rights given Operator by this Agreement, such party the Party shall immediately notify all other partiesParties, and the claim or suit shall be treated as any other claim or suit involving operations hereunderunder this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder under this Agreement if the expenditure does not exceed Fifteen Two Hundred Fifty Thousand Dollars ($15,000.00250,000) and if the payment is in complete settlement of such the claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such that authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such a claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder under this Agreement over which such the individual has no control because of the rights given Operator by this Agreement, such the party shall immediately notify all other parties, and the claim or suit suite shall be treated as any other claim or suit involving operations hereunderunder this Agreement.
Appears in 2 contracts
Samples: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Twenty Five Thousand Dollars ($15,000.00$ 25,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, handling settling, or otherwise discharging such claim or suit shall be at a the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 2 contracts
Samples: Purchase and Sales Agreement, Purchase and Sales Agreement (Imperial Petroleum Inc)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thousand twenty-five thousand Dollars ($15,000.0025,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
A. A.P.L. FORM 610 — MODEL FORM OPERATING AGREEMENT- 1989
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CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thirty Thousand Dollars ($15,000.0030,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
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CLAIMS AND LAWSUITS. Operator The Manager of Operations may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thousand TEN THOUSAND Dollars ($15,000.0010,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operatorthe Manager of Operations. All costs and expenses of handling, handling settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Contract Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 1 contract
Samples: Joint Development Agreement (Independence Energy Corp.)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Twenty Thousand Dollars (US $15,000.0020,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties Parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, settling or otherwise discharging such claim or suit shall be at the joint expense of the parties Parties participating in the operation from which the claim or suit arises. If a claim is made against any Page 4 5 party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other partiesParties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
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CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thousand ONE HUNDRED THOUSAND Dollars ($15,000.00100,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto amount Operator shall assume and take over the further handling of not settle the claim or suitwithout first obtaining the consent of all parties, unless such authority is delegated to Operatorwhich consent shall not be unreasonably withheld. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 1 contract
Samples: Joint Venture Development Agreement (John D. Oil & Gas Co)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Five Thousand Dollars ($15,000.00$ 5,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, handling settling, or otherwise discharging such claim or suit shall be at a the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 1 contract
Samples: Working Interest Acquisition and Development Agreement (Explortex Energy Inc.)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Ten Thousand Dollars ($15,000.0010,000) and if the payment is in complete settlement of such the claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such that authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such the claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder under this Agreement over which such the individual has no control because of the rights given Operator by this Agreement, such the party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations under this Agreement. Any and all claims and actions against the Operator, or any Non-Operator, made hereunder, must be brought within twenty-four (24) months of any breach or other cause or occurrence.
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CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Thousand fifteen thousand Dollars ($15,000.00$ 15,000.00 ) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the joint expense of the parties participating in the operation from which the claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder. All claims or suits involving title to any interest subject to this agreement shall be treated as a claim or a suit against all parties hereto.
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CLAIMS AND LAWSUITS. 66 Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Fifty Thousand Dollars ($15,000.0050,000.00) and if the fee payment is in complete settlement of such claim or suit. suit If the fee amount required for settlement exceeds the fee above amount, the fee parties hereto shall assume and take over the fee further handling of the fee claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, handling settling, or otherwise discharging such claim or suit shall be at the joint expense of the fee parties participating in the operation from which the fee claim or suit arises. If a claim is made against any party or if any party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the fee rights given Operator by this Agreementagreement, such party shall immediately notify all other parties, and the fee claim or suit shall be treated as any other claim or suit involving operations hereunder.
Appears in 1 contract
Samples: Operating Agreement (American Standard Energy Corp.)
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party Party damage claim or suit arising from operations hereunder under this Agreement if the expenditure does not exceed Fifteen Ten Thousand Dollars ($15,000.00) 10,000.00), and if the payment is in complete settlement of such the claim or suit. If the amount required for settlement exceeds the above this amount, the parties hereto Parties shall assume and take over the further handling of the claim or suit, unless such that authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such a claim or suit shall be at the joint expense of the parties Parties participating in the operation from which the claim or suit arises. If a claim is made against any party Party or if any party Party is used sued on account of any matter arising from operations hereunder under this Agreement over which such the individual has no control because of the rights given Operator by this Agreement, such party the Party shall immediately notify all other partiesParties, and the claim or suit suite shall be treated as any other claim or suit involving operations hereunderunder this Agreement.
Appears in 1 contract
CLAIMS AND LAWSUITS. Operator may settle any single uninsured third party damage claim or suit arising from operations hereunder if the expenditure does not exceed Fifteen Twenty Five Thousand Dollars ($15,000.0025,000.00) and if the payment is in complete settlement of such claim or suit. If the amount required for settlement exceeds the above amount, the parties hereto Parties shall assume and take over the further handling of the claim or suit, unless such authority is delegated to Operator. All costs and expenses of handling, settling, or otherwise discharging such claim or suit shall be at the a joint expense of the parties Parties participating in the operation from which the claim or suit arises. If a claim is made against any party Party or if any party Party is used sued on account of any matter arising from operations hereunder over which such individual has no control because of the rights given Operator by this Agreementagreement, such party Party shall immediately notify all other partiesParties, and the claim or suit shall be treated as any other claim or suit involving operations hereunder.
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